Common use of Lending Limitations Clause in Contracts

Lending Limitations. Notwithstanding any other provision of this Agreement, each Client and the Lending Agent agree as follows: (a) The aggregate market value of a Fund’s loaned securities outstanding at any one time shall not exceed an amount equal to twenty five (25%) percent (or such other percentage as such Client may specify to the Lending Agent in writing from time to time) of such Fund’s total assets. (b) The market value of a Fund’s securities which are loaned to any one Borrower shall not at any time exceed an amount equal to five (5%) percent (or such other percentage as such Client may specify to the Lending Agent in writing from time to time) of such Fund’s total assets. (c) Each Client shall advise the Lending Agent, in writing, and at such intervals as such Client shall deem appropriate, of the dollar amount of each Fund’s total assets and the dollar amounts which can be lent on behalf of such Fund pursuant to Sections 10(a) and 10(b) during the period to which such notice pertains (the “Lending Limitations”). Subject to receipt by the Lending Agent of the Lending Limitations to be provided by such Client pursuant to the preceding sentence, the Lending Agent shall have the responsibility to ensure the Program’s compliance with Sections 10(a) and 10(b), except to the extent that any non-compliance results from a change in the applicable Lending Limitations, provided, however, that in the event that the Lending Limitations as of any date (or other period specified by such Client) are less than the Lending Limitations in effect during the immediately preceding period, the Lending Agent shall promptly take such actions as may reasonably be necessary or appropriate to cause the Program to comply with such revised Lending Limitations.

Lending Limitations. Notwithstanding any other provision of this Agreement, each Client and the Lending Agent agree as follows: (a) The aggregate market value of a Fund’s 's loaned securities outstanding at any one time shall not exceed an amount equal to twenty five (25%) percent (or such other percentage as such Client may specify to the Lending Agent in writing from time to time) of such Fund’s 's total assets. (b) The market value of a Fund’s 's securities which are loaned to any one Borrower shall not at any time exceed an amount equal to five (5%) percent (or such other percentage as such Client may specify to the Lending Agent in writing from time to time) of such Fund’s 's total assets. (c) Each Client shall advise the Lending Agent, in writing, and at such intervals as such Client shall deem appropriate, of the dollar amount of each Fund’s 's total assets and the dollar amounts which can be lent on behalf of such Fund pursuant to Sections 10(a) and 10(b) during the period to which such notice pertains (the “"Lending Limitations”"). Subject to receipt by the Lending Agent of the Lending Limitations to be provided by such Client pursuant to the preceding sentence, the Lending Agent shall have the responsibility to ensure the Program’s 's compliance with Sections 10(a) and 10(b), except to the extent that any non-compliance results from a change in the applicable Lending Limitations, provided, however, that in the event that the Lending Limitations as of any date (or other period specified by such Client) are less than the Lending Limitations in effect during the immediately preceding period, the Lending Agent shall promptly take such actions as may reasonably be necessary or appropriate to cause the Program to comply with such revised Lending Limitations.

Lending Limitations. Notwithstanding any other provision of this Agreement, each the Client and the Lending Agent agree as follows: (a) The aggregate market value of a Fund’s 's loaned securities outstanding at any one time shall not exceed an amount equal to twenty five (25%) percent (or such other percentage as such the Client may specify to the Lending Agent in writing from time to time) of such Fund’s 's total assets. (b) The market value of a Fund’s 's securities which are loaned to any one Borrower shall not at any time exceed an amount equal to five (5%) percent (or such other percentage as such the Client may specify to the Lending Agent in writing from time to time) of such Fund’s 's total assets. (c) Each The Client shall advise the Lending Agent, in writing, and an at such intervals as such the Client shall deem appropriate, of the dollar amount of each Fund’s 's total assets and the dollar amounts which can be lent on behalf of such Fund pursuant to Sections 10(a8(a) and 10(b8(b) during the period to which such notice pertains (the “"Lending Limitations”). Subject to receipt by the Lending Agent of the Lending Limitations to be provided by such the Client pursuant to the preceding sentence, the Lending Agent shall have the responsibility to ensure the Program’s 's compliance with Sections 10(a8(a) and 10(b8(b), except to the extent that any non-non compliance results from a change in the applicable Lending Limitations, provided, however, that in the event that the Lending Limitations as of any date (or other period specified by such the Client) are less than the Lending Limitations in effect during the immediately preceding period, the Lending Agent shall promptly take such actions as may reasonably be necessary or appropriate to cause the Program to comply with such revised Lending Limitations.

Lending Limitations. Notwithstanding any other provision of this Agreement, each Client and the Lending Agent agree as follows: (a) The aggregate market value of a Fund’s loaned securities outstanding at any one time shall not exceed an amount equal to twenty five (25%) percent (or such other percentage as such Client may specify to the Lending Agent in writing from time to time) of such Fund’s total assets. (b) The market value of a Fund’s securities which are loaned to any one Borrower shall not at any time exceed an amount equal to five (5%) percent (or such other percentage as such Client may specify to the Lending Agent in writing from time to time) of such Fund’s total assets. (c) Each Client shall advise the Lending Agent, in writing, and at such intervals as such Client shall deem appropriate, of the dollar amount of each Fund’s total assets and the dollar amounts which can be lent on behalf of such Fund pursuant to Sections 10(a) and 10(b) during the period to which such notice pertains (the “Lending Limitations”). Subject to receipt by the Lending Agent of the Lending Limitations to be provided by such - 8 - Client pursuant to the preceding sentence, the Lending Agent shall have the responsibility to ensure the Program’s compliance with Sections 10(a) and 10(b), except to the extent that any non-compliance results from a change in the applicable Lending Limitations, provided, however, that in the event that the Lending Limitations as of any date (or other period specified by such Client) are less than the Lending Limitations in effect during the immediately preceding period, the Lending Agent shall promptly take such actions as may reasonably be necessary or appropriate to cause the Program to comply with such revised Lending Limitations.